Sylvie Corbet and Angela Charlton, Associated Press Updated 3:20 pm PST, Monday, December 10, 2018 TV screens show French President Emmanuel during a televised address to the nation, at an electrical appliance store in Marseille, southern France, Monday, Dec. 10, 2018. President Emmanuel Macron has acknowledged he's partially responsible for the anger that has fueled weeks of protests in France, an unusual admission for the leader elected last year. less TV screens show French President Emmanuel during a televised address to the nation, at an electrical appliance store in Marseille, southern France, Monday, Dec. 10, 2018. President Emmanuel Macron has ... more Photo: Claude Paris, AP Photo: Claude Paris, AP Image 1 of / 10 Caption Close Image 1 of 10 TV screens show French … [Read more...] about Macron vows tax cuts, pay rise; will France’s anger subside?
Taxing bonus pay
After days of wavering and speculation that they would ditch the reform, the French government finally announced on Tuesday that from January 2019 workers will indeed have their income tax taken directly from their paychecks automatically. The change will see most workers in France have their income tax automatically taken out of their wages each month by their employers, as is the case in most other European countries, rather than the current system which sees employees pay income tax the following year in installments. The reform will affect some 38 million households in France. The reform was first due to be implemented in January 2018 but was delayed a year because President Emmanuel Macron wanted time to make sure the reform was actually worth it and to smooth out any problems. In recent days the reform looked as though it would be delayed or even scrapped as Macron grew wary of potential technical bugs as well as a negative reaction from taxpayers to a cut in their … [Read more...] about French government to push ahead with taking income tax from workers’ pay
Supported by Business Day By MATT PHILLIPSFEB. 26, 2018 Continue reading the main story Share This Page Continue reading the main story President Trump promised that his tax cut would encourage companies to invest in factories, workers and wages, setting off a spending spree that would reinvigorate the American economy.Companies have announced plans for some of those investments. But so far, companies are using much of the money for something with a more narrow benefit: buying their own shares.Those so-called buybacks are good for shareholders, including the senior executives who tend to be big owners of their companies’ stock. A company purchasing its own shares is a time-tested way to bolster its stock price.But the purchases can come at the expense of investments in things like hiring, research and development and building new plants — the sort of investments that directly help the overall economy. The buybacks are also most likely to worsen economic … [Read more...] about Trump’s Tax Cuts in Hand, Companies Spend More on Themselves Than on Wages
FIVE HUNDRED Council bosses are now earning more than the Prime Minister, it has been revealed. New figures show that town hall bosses across the country are raking in more cash than the £150,000 that Theresa May gets for running Britain. The full sums include pension contributions, bonuses, expenses and other payouts. At least 16 local government bosses got paid more than £300,000 last year, and four got more than £500,000, the Sunday Times reported. The full list of the top paid council chiefs will be released this week. The biggest pay packet went to Mark Rogers, the former CEO of Birmingham City Council who got a total of £666,662. He got £168,985 in addition to £118,000 for compensation for loss of office, and whopping pension contributions of nearly £370,000. And Norman Stachan, the former finance director at Edinburgh City Council's bus company, was paid £563,862 last year. That included a £154,000 salary, a £150,000 pay off, a … [Read more...] about 500 Council bosses now earn more than Theresa May as Brits face tax rises
By Josh Eidelson, Bloomberg News Published 12:00 am, Sunday, April 8, 2018 Photo: Stephen M. Dowell, MBO / Associated Press Image 1of/1 CaptionClose Image 1 of 1 Larry Kidd holds signs in front of Walt Disney World hotel property during a protest last month in Orlando, Fla. Larry Kidd holds signs in front of Walt Disney World hotel property during a protest last month in Orlando, Fla. Photo: Stephen M. Dowell, MBO / Associated Press Unions push companies to divulge plans for tax bill windfall 1 / 1 Back to Gallery Unions are pressing companies they bargain with to disclose details of what they’re doing with savings from the Trump tax cuts, the latest move by organized labor to pressure corporations to pass along their windfall from the overhaul. Four unions have recently filed formal information … [Read more...] about Unions push companies to divulge plans for tax bill windfall